Thursday, March 13, 2008

LDK Solar says nearly sold all wafer capacity for 2008, 2009

March 13, 2008: 04:31 AM EST

LONDON, Mar. 13, 2008 (Thomson Financial delivered by Newstex) -- LDK Solar Co Ltd (NYSE:LDK) said that based upon its current backlog of contracts, it has almost sold out its entire solar wafer capacity for 2008 and has sold more than 90 pct of capacity for 2009.

The manufacturer of multicrystalline solar wafers confirmed it had increased the value of its inventory to 380 mln usd at the end of 2007.

Inventory in transit represented the most significant portion of the increase during the quarter as it purchased silicon material from around the globe, LDK said.

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